Fulton Financial Co. (NASDAQ:FULTP) Sees Significant Increase in Short Interest

Fulton Financial Co. (NASDAQ:FULTP) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 41,200 shares, an increase of 267.9% from the December 31st total of 11,200 shares. Based on an average daily volume of 14,000 shares, the days-to-cover ratio is currently 2.9 days.

Fulton Financial Stock Performance

Shares of Fulton Financial stock traded down $0.11 on Thursday, hitting $19.37. 14,958 shares of the company’s stock traded hands, compared to its average volume of 10,814. The firm’s 50-day moving average is $20.20 and its 200 day moving average is $19.57. Fulton Financial has a 52-week low of $16.71 and a 52-week high of $21.22.

Fulton Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.3203 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Tuesday, December 31st.

Fulton Financial Company Profile

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.